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Market Cap loses N3billion on Friday

By on December 14, 2013

Transactions on the last trading day of the week at the Nigerian Stock Market ended on a bearish note as the market capitalisation of entities on the main board lost by N3 billion or 0.02 percent to close on Friday at N12.426 trillion as against Thursday’s closing figure of N12.429 trillion.

The NSE All Share Index, ASI, equally closed lower at 38,831.59 basis points losing by 9.9 points or 0.03 percent when compared with Thursday’s closing figure of 38,841.49 basis points.

E-Tranzact led the top five trades by volume chart on Friday with 298.17 million shares worth N800.90 million.

Transcorp followed with 76.59 million shares valued at N306.05 million while Custodian Insurance was third with 38.25 million shares worth N79.97 million.

Oando was fourth with 31.75 million volume of shares worth N513.33 million while Unity Bank was last on the chart with 28.05 million shares worth N14.69 million.

WAPCO topped the gainers chart with an increase of N3.20k in its share price to close at N111.20k per share.

International Breweries followed with a gain of N0.68k in its share price to close at N26.88k per share while Union Dicon in third spot gained N0.45k in its share price to close at N9.57k per share.

Zenith Bank was fourth with a share price gain of N0.30k to close at N21.85k per share while Transcorp was last on the chart with a gain of N0.30k in its share price to close at N4.00 per share.

However, Nestle led the losers chart losing N5.00 in its share price to close at N1,120.00 per share.

Unilever followed with a loss of N3.02k in its share price to close at N57.48k per share while Flour Mill in third spot lost N1.98k in its share price to close at N86.01k per share.

Guinness was fourth with a share price loss of N1.29k to close at N255.00 per share while Nigerian Breweries was last on the chart with a loss of N1.00 in its share price to close at N161.00 per share.

In all, investors traded 727.42 million shares valued at N4.91 billion in 4,469 deals.

This was in contrast with the 271.65 million shares valued at N4.04 billion that was exchanged on Thursday in 4,357 deals.